This article touches on the 5 steps to take after a loved one dies. Losing a loved one is never easy, regardless of when that time comes. If you’ve been nominated, or appointed, as the executor or trustee of your loved one’s estate, then you are not only faced with the grief that comes from […]
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Selecting a Lawyer for Your Business
How to pick a lawyer? I meet with business owners every day. Some are sole proprietors, some are single member LLCs, others are partnerships with a few employees, and yet others are companies with varying degrees of ownership and many employees. All of these companies have one thing in common, they all need legal help […]
Pros and Cons of the LLC Entity Choice
I love LLCs because I don’t have to do anything! While the LLC organizational structure has gained great popularity, and is often the entity of choice for new business owners, the wonderful flexibility of this structure also carries many potential pitfalls. Below is a short list of some of the Pros and Cons of the […]
Estate Planning Considerations – Selecting a Successor Trustee
Do you have a trust? Are you thinking about creating one? Why? Most people will tell you they created or want to create a trust to protect their assets and to make sure they are taking care of their children/grandchildren. So, it makes sense that (1) who takes care of the children and (2) who takes […]
Tax Benefits of a LLC
THЕ TАX BЕNЕFITЅ ОF A LIMITED LIАBILITУ COMPANY A limitеd liаbilitу соmраnу, or LLC, is оnе оf thе most рорulаr buѕinеѕѕ entities. An LLC is uniquе in thаt it’ѕ a pass-through entity. Thе Internal Rеvеnuе Sеrviсе (IRS) does nоt consider an LLC a legal separate еntitу in terms оf tаxаtiоn, ѕо all buѕinеѕѕ income, losses, […]